Capital Home Loans Conveyancing Panel Information

Paragraph 16.2.1 of Part 1 of the Handbook relevant to a solicitor on the Capital Home Loans conveyancing panel reads ‘Our mortgage secures further advances. Consequently, when a further advance is required for alterations or improvements to the property we will not normally instruct a member of our conveyancing panel but if you are instructed the appropriate provisions of this Handbook will apply’.

Lexsure has not been advised of any intention on the part of the CML to develop such a tool.

One might ordinarily expect Capital Home Loans via their Part Two requirements to address this but the Handbook is silent on deadlines to send deeds. Do look at the Terms of Capital Home Loans’s Conveyancing Panel Appointment that you are bound by. For a number of banks these Terms have a clause such as: ‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is imperative to keep Capital Home Loans updated. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Capital Home Loans conveyancing panel to see if you are entitled to a reason.

The best placed professionals to answer this question are your insurance brokers. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Capital Home Loans solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You need to get in touch with Capital Home Loans to obtain standard documents. The CML Handbook has an individual section for lenders to set out who to contact to obtain standard documents. Capital Home Loans in their Part 2’s state: It is likely that you will need to disclose the firm’s Capital Home Loans conveyancing panel reference.